Nigel Sillis, head of credit research here at Baring Asset Management, is in the market for a new credit analyst. His conversation with our headhunter went something like this:
Nigel: I'd like a new TMT analyst please.
Headhunter: TMT you say. Not many of those around. Fancy broadening the search?
N: How about a bank analyst then?
HH: Ooh ... that'll cost you.
N: Excuse me?
HH: Bank analysts - they're much pricier.
N: Why's that then?
HH: Banks: more difficult aren't they?
While Nigel was delighted t